30
FINANCIAL SUMMARY
1.
Administrative Authority:
Government of Hong Kong.
2.
Allocation:
3.
Classification:
Hong Kong.
Social:
housing.
4.
Description of Scheme:
5.
Total Cost:
6. Colonial Development and
Construction of 8 blocks comprising 370 flats.
£138,092 ($2,209,468) (see breakdown below)
Welfare Assistance required: Grant of £13,500 ($216,000)
Estimate of assistance required
7.
by Colony.
1951/1952
Capital.......
£13,500
Recurrent.....
Nil
£13.500
DETAILED BREAKDOWN OF COST
190 Flats
Four Blocks
$662,130
Staircases
40,000
Foundations
49,000
Reinforcing Steel (Fixed)
110,000
Drainage
27,000
Electrical
67,500
Total $955,630
Yees
6%
57,338
Site Formation
120,000
$1,132,968
180 Flats
Four Blocks
$628,000
Staircases
40,000
Foundations ·
47,000
Reinforcing Steel (Fixed)
105,000
Drainage
40,000
Electrical
65,000
Total $925,000
Fees 6%
55,500
Site Formation
96,000
$1,076,500
Total for two sites
370 Flats
including
Fees and Site Formation
$2 209.468